The bill will mandate crypto firms to uphold financial records and allow regulators to conduct audits on these entities. Source: https://cointelegraph.com/news/california-governor-digital-financial-assets-law

If true, the SEC will need to review and make a decision on Grayscale’s spot Bitcoin ETF application. If denied, Grayscale could appeal the decision. Source: https://cointelegraph.com/news/sec-wont-appeal-court-decision-on-grayscale-bitcoin-etf

The proposed act came just hours after talks broke down between actors and Hollywood studios, with AI replicas a major friction point in negotiations. Source: https://cointelegraph.com/news/us-senators-no-fakes-bill-ban-ai-replicas

The former CEO of Systematic Alpha Management faces up to five years in prison for his role in a fraudulent scheme tied to crypto futures contracts. Source: https://cointelegraph.com/news/doj-charge-ceo-cherry-picking-scheme-crypto-futures-fraud

WOO Network said it had agreed to repurchase all the tokens and equity previously held by collapsed hedge fund Three Arrows Capital. Source: https://cointelegraph.com/news/crypto-exchange-woo-network-3ac-share-token-repurchase-teneo

The exploiter of the Web3 social media platform agreed to keep a 10% bounty in exchange for returning the remainder of the stolen funds. Source: https://cointelegraph.com/news/stars-arena-recovers-stolen-funds-after-offering-bounty-exploit

A congressional committee has recommended that Changpeng Zhao and three local Binance executives be indicted for fraud and other financial crimes. Source: https://cointelegraph.com/news/brazilian-congress-urges-binance-ceo-cz-indictment

A report from the Bitcoin-only exchange River suggests increased Lightning usage will play a key role in Bitcoin becoming a better medium of exchange. Source: https://cointelegraph.com/news/bitcoin-lightning-network-growth-surges-over-two-years

The firm has implemented additional security measures following an investigation that found “only a few” 3Commas user accounts were compromised. Source: https://cointelegraph.com/news/3commas-on-alert-user-accounts-hacked

David Schwartz stated that the changes could be implemented in as little as two weeks if a majority supports the amendment. Source: https://cointelegraph.com/news/ripple-cto-seeks-community-consensus-for-xrpl-amm-feature-adoption